Benchmarking enhances organizational performance by establishing standards against which processes,products,and performance can be compared and improved.

Question

Quizplus · Accepted Answer

Benchmarking is a process of measuring an organization's processes, products, and performance against those of other organizations or industry best practices. By setting standards and comparing their outcomes to these standards, organizations can identify areas for improvement and work toward enhancing their performance. Therefore, the statement is true.

Benchmarking Enhances Organizational Performance by Establishing Standards Against Which Processes,products,and